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NAB Morning Call

Phil Dobbie
United States
Federal Reserve
Oil Prices
Oil
Iran
China
Reserve Bank Of Australia
Inflation
Australia
Japan
European Central Bank
Artificial Intelligence
NAB
Bank Of Japan
US Dollar
Donald Trump
US Economy
Bank Of England
RBA
Central Banks

Start your day with the NAB Morning Call for the latest overnight key economic and market information straight from our team of expert market economists and strategists. This includes perspective on overnight news and market price action and the forces shaping movements in Australian and global markets in the days ahead.

Hosted on Acast. See acast.com/privacy for more information.

PublishesDailyEpisodes1638Founded10 years ago
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Latest Episodes

Friday 4th September 2026

Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.

It’s an uncertain world, perhaps more than ever before. Brad Carr is NAB’s Executiv... more

Friday 4th September 2026

NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB

There might not need to be a rate hike from the Fed. That’s been the takeout from a Reuters interview overnight with the bank's... more

Thursday 3rd September 2026

NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB

Unease in the Gulf continues to push oil prices higher today and fears of persistent inflation mean bond yields continue to r... more

Wednesday 2nd September 2026

NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB

Oil prices have risen sharply with further attacks from both sides in the Gulf. That’s pushed bond yields higher in a world ... more

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Recent Guests

Edward Sterck
Director of Research at World Platinum Investment Council
World Platinum Investment Council
Episode: Weekend Edition: Platinum, gold’s harder working cousin
Peter Fullerton
NAB's head of credit strategy
NAB
Episode: Weekend Edition: Talkin’ Bout A Revolution
Toby Phillips
Economic Director at the Centre for Policy Development, leads the transition team
Centre for Policy Development
Episode: Weekend Edition: On track for Net Zero? Do we know?
Josh Stabler
Managing Director of Energy Edge, publishes The Edge Report
Energy Edge
Episode: Weekend Edition: Industry Reservations on Gas Reforms
Lachlan Vass
Research Manager at the e61 Institute
e61 Institute
Episode: Weekend Edition: Taxing time for the gas industry
George Magnus
Independent economist and research associate at the China Center at Oxford University and the School of Oriental and African Studies in London
Oxford University (China Center); School of Oriental and African Studies
Episode: Weekend Edition: The ticking China timebomb
Geoff Wilson
Founder of Wilson Asset Management, veteran investor
Wilson Asset Management
Episode: Weekend Edition: Geoff Wilson on Taxing the future
Peter Berezin
Chief Strategist for Global Investment Strategy at BCA Research
BCA Research
Episode: Weekend Edition: AI - Revolution, bubble or doomsday?
Peter Berrezin
Chief Strategist for Global Investment Strategy at BCA Research
BCA Research
Episode: Peace de Résistance

Host

Phil Dobby
Host of NAB Morning Call, NAB (National Australia Bank)

Reviews

4.8 out of 5 stars from 820 ratings
  • Fantastic

    Phil, I really enjoy the morning summaries and in particular your weekend deep dives.

    Apple Podcasts
    5
    @MB2030
    Australia6 months ago
  • Informative and insightful.

    Great way to start the day! Thank you Phil and NAB.

    Apple Podcasts
    5
    great assistant
    Australia7 months ago
  • A little request

    I know it’s hard but errs and ums really stand out on podcasts so please get speakers who don’t stammer at all.

    Apple Podcasts
    4
    Rooksta
    Australia9 months ago
  • Ok… but lacking balance

    I understand it’s a male dominated industry… but surely they could occasionally get a female voice on here. As a female listener it would be great to fee represented

    Apple Podcasts
    3
    Jacew65
    Australia10 months ago
  • Fantastic

    Best way to start the day!

    Apple Podcasts
    5
    glasgowuk2002
    Australiaa year ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Concise yet insightful daily market brief; strong start to the day.
Some listeners wish for more balanced speaker representation.
Guests provide solid macro context and practical market takeaways.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

Weekend Edition: Platinum, gold’s harder working cousin
Q: So is platinum really just a substitute for gold, or is there a more nuanced relationship moving forward?
Edward Sterck explains that while platinum often moves with gold and the broader precious metals complex, its rally has been driven by tighter supply and distinct industrial demand, making it not a simple substitute but a metal with its own demand drivers and diversification benefits.
Weekend Edition: Talkin’ Bout A Revolution
Q: What point do we reach the reality of the AI investment cycle and its funding promises?
The guest explains that there will be a reality check where revenue and cash flows need to materialize; if not, funding may slow as confidence hinges on proven monetization and sustainable returns.
Weekend Edition: Gold - safe haven or speculative investment?
Q: John, what were the main drivers behind the record highs for gold earlier this year?
The combination of central-bank purchases since 2010, rising ETF demand, and renewed interest from emerging markets, along with retail buying, all contributed to the surge. As ETF investors and physical demand increased, gold benefited from a broad shift toward gold as a portfolio diversifier and a hedge against devaluation pressures.
Weekend Edition: The ticking China timebomb
Q: Why is the official 5% growth figure misleading, and what are the implications for consumption and debt?
Jonathan argues that underlying growth is likely closer to 3%, with debt burdens heavy on local governments and state entities, and consumption hampered by weak wage growth and real estate downturn, which challenges the sustainability of the growth narrative.
Weekend Edition: The ticking China timebomb
Q: What are the core sectors driving China's growth, and how do they relate to the broader economy?
The guest explains that a modern, export-oriented sector—featuring AI, EVs, batteries, and high-tech manufacturing—drives some growth, but the vast majority of the economy relies on domestic demand and traditional sectors that are weaker, leading to a two-track dynamic.

Audience Metrics

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Frequently Asked Questions About NAB Morning Call

What is NAB Morning Call about and what kind of topics does it cover?

A concise briefing on global macro and markets, with a focus on overnight price action, central bank signals, oil and gas dynamics, and the path of inflation. Episodes frequently feature NAB economists and strategists offering live commentary on equities, FX, commodities, and policy developments, plus deep dives from industry guests on energy, metals, and macro themes. Notable strengths include timely, data-driven analysis, a practical Australian perspective, and a cadence suitable for commuters starting their day. A number of episodes explore sector-specific issues like domestic gas reservation policies or gold demand drivers, making it useful for listeners who want quick, actionable context for markets and policy shifts.

Potential listen... more

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Which podcasts are similar to NAB Morning Call?

These podcasts share a similar audience with NAB Morning Call:

1. CommSec Market Update
2. 5 in 5 with ANZ
3. Chanticleer
4. The Fin
5. The Rules of Investing

How many episodes of NAB Morning Call are there?

NAB Morning Call launched 10 years ago and published 1638 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on NAB Morning Call?

Recent guests on NAB Morning Call include:

1. Edward Sterck
2. Peter Fullerton
3. Toby Phillips
4. Josh Stabler
5. Lachlan Vass
6. George Magnus
7. Geoff Wilson
8. Peter Berezin

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